The Client:
A banking as-a-service platform seeking a comprehensive compliance audit.
Business Issues:
The client required a comprehensive compliance audit to demonstrate both internally and externally that the highest standards of compliance are met, consisting of AML, Safeguarding and Capital Adequacy.
Solution and Results:
fscom assessed the client’s compliance with their AML, Safeguarding and Capital Adequacy obligations under the relevant regulations (EMRs, PSRs, MLRs, POCA and JMLSG). fscom reviewed the firm’s process, documented policies, personnel and controls, in order to compare its existing compliance procedures against its requirements under the regulations. Finally, fscom provided a written report of findings and recommendations with the opportunity to make immediate changes and provide a management response.
